Paramount Skydance Plans to Remove Approximately 2,000 American Positions – Report

Paramount Skydance will start mass layoffs beginning on 27 October, eliminating approximately 2,000 US jobs under a cost-cutting plan valued at $2bn led by top executive David Ellison.

These job cuts are a result of the union of Skydance Media and Paramount Global, which closed during August with a value of $8.4bn.

More overseas workforce reductions are expected, with the company planning to reveal all specifics in its third quarter earnings report on 10 November.

Prior news stated that Paramount planned to eliminate between 2,000 and 3,000 jobs by early November.

As of December 2024, the organization had nearly 18,600 full- and part-time employees plus 3,500 temporary project employees.

The company has not yet commented on the matter.